Income Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
BND Vanguard Total Bond Market ETF	Total Bond Market	35%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	Government Bonds, Ultrashort Bond	20%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	20%
SCHP Schwab U.S. TIPS ETF	Inflation-Protected Bonds	15%
PID Invesco International Dividend Achievers™ ETF	Global Equities, Dividend	10%

Benchmark: S&P 500 Index · Rebalance: Every 3 months

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Income Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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Benchmark

Compare your portfolio against anything

Returns By Period

As of Jul 31, 2026, the Income Portfolio returned 5.85% Year-To-Date and 4.98% of annualized return in the last 10 years.

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	1.66%	-0.82%	6.72%	8.65%	16.89%	17.46%	11.09%	13.10%	8.07%
Portfolio Income Portfolio	-0.27%	1.24%	3.77%	5.85%	9.44%	6.88%	3.56%	4.98%	4.86%
Portfolio components:
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	0.01%	0.30%	1.77%	2.05%	3.78%	4.56%	3.53%	2.24%	1.37%
BND Vanguard Total Bond Market ETF	0.06%	-1.02%	-0.53%	-0.28%	2.92%	3.79%	-0.37%	1.38%	3.00%
PID Invesco International Dividend Achievers™ ETF	-0.20%	5.58%	5.16%	9.03%	17.88%	12.49%	9.56%	9.21%	5.77%
SCHD Schwab U.S. Dividend Equity ETF	-1.24%	5.36%	15.63%	23.81%	29.05%	13.95%	9.50%	12.66%	13.38%
SCHP Schwab U.S. TIPS ETF	-0.08%	-0.60%	0.09%	0.65%	2.50%	3.69%	0.32%	2.41%	2.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 20, 2011, Income Portfolio's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +4.9%, while the worst month was Mar 2020 at -5.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Income Portfolio closed higher 55% of trading days. The best single day was Mar 13, 2020 with a return of +3.8%, while the worst single day was Mar 12, 2020 at -5.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.29%	2.59%	-1.85%	1.46%	0.58%	-0.54%	1.24%						5.85%
2025	1.20%	1.68%	0.05%	-0.98%	0.33%	1.39%	0.00%	2.22%	0.27%	-0.05%	1.20%	0.06%	7.56%
2024	-0.03%	-0.20%	1.73%	-2.31%	1.74%	0.31%	3.07%	1.50%	1.15%	-1.36%	1.58%	-2.59%	4.52%
2023	2.73%	-2.11%	1.62%	0.34%	-1.78%	1.46%	1.08%	-0.97%	-2.38%	-1.70%	4.25%	3.54%	5.96%
2022	-1.45%	-0.64%	-0.07%	-3.18%	1.24%	-3.50%	2.74%	-2.34%	-4.93%	2.68%	3.77%	-1.46%	-7.30%
2021	-0.35%	0.73%	1.97%	1.30%	1.41%	0.01%	1.01%	0.46%	-1.41%	1.50%	-0.71%	2.08%	8.24%

Benchmark Metrics

Income Portfolio has an annualized alpha of 1.59%, beta of 0.24, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since October 20, 2011.

This portfolio participated in 33.73% of S&P 500 Index downside but only 29.64% of its upside - more exposed to losses than it benefited from rallies.
Beta of 0.24 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 1.59%

Beta: 0.24

R²: 0.61

Upside Capture: 29.64%

Downside Capture: 33.73%

See how alpha, beta & R² have trended over time →

Expense Ratio

Income Portfolio has an expense ratio of 0.11%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

PID

Invesco International Dividend Achievers™ ETF

BIL

SPDR Bloomberg 1-3 Month T-Bill ETF

SCHD

Schwab U.S. Dividend Equity ETF

BND

Vanguard Total Bond Market ETF

SCHP

Schwab U.S. TIPS ETF

Return for Risk

Risk / Return Rank

Income Portfolio ranks 91 for risk / return — above 91% of Portfolios peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for Income Portfolio and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.47	1.32	+1.15
Sortino ratioReturn per unit of downside risk	3.89	1.86	+2.03
Omega ratioGain probability vs. loss probability	1.47	1.24	+0.24
Calmar ratioReturn relative to maximum drawdown	3.56	1.86	+1.69
Martin ratioReturn relative to average drawdown	13.13	7.90	+5.22

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	100	19.09	152.25	68.95	347.20	2,462.16
BND Vanguard Total Bond Market ETF	32	0.79	1.17	1.14	1.10	2.77
PID Invesco International Dividend Achievers™ ETF	77	1.85	2.72	1.34	2.40	7.62
SCHD Schwab U.S. Dividend Equity ETF	95	2.62	4.06	1.47	6.32	15.99
SCHP Schwab U.S. TIPS ETF	34	0.77	1.13	1.13	1.30	3.55

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current Income Portfolio Sharpe ratio is 2.47 as of Jul 31, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.12 to 1.93, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Income Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Income Portfolio provided a 3.81% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.81%	3.88%	3.85%	3.55%	3.27%	2.29%	2.01%	2.66%	2.66%	2.18%	2.07%	1.98%
Portfolio components:
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.81%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%	0.00%
BND Vanguard Total Bond Market ETF	4.01%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
PID Invesco International Dividend Achievers™ ETF	3.42%	3.28%	3.88%	3.31%	3.30%	3.30%	3.16%	3.99%	3.87%	3.46%	3.90%	4.48%
SCHD Schwab U.S. Dividend Equity ETF	3.14%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SCHP Schwab U.S. TIPS ETF	4.50%	4.06%	2.99%	3.02%	7.19%	4.39%	1.11%	2.02%	2.26%	1.90%	1.38%	0.28%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Income Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Income Portfolio was 12.24%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.

The current Income Portfolio drawdown is 0.37%.

Drawdown	Fall	Recovery	Underwater	Related event
-12.24%Mar 2020	26d	2mo 22d	3mo 18dFeb 2020 - Jun 2020	COVID crash2020
-11.85%Oct 2022	9mo 20d	1y 8mo	2y 6moJan 2022 - Jul 2024	Bear market2022
-6.52%Jan 2016	8mo 28d	3mo	11mo 28dApr 2015 - Apr 2016	—
-4.93%Dec 2018	10mo 29d	1mo 23d	1y 17dJan 2018 - Feb 2019	Rate-hike selloffLate 2018
-4.25%Jun 2013	1mo 3d	4mo 3d	5mo 6dMay 2013 - Oct 2013	—

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

AI Analysis

The gist

The portfolio is really two portfolios in one: a bond sleeve centered on Vanguard Total Bond Market (BND), Schwab U.S. TIPS ETF (SCHP), and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), plus an equity sleeve centered on Schwab U.S. Dividend Equity ETF (SCHD) and WisdomTree International Dividend Fund (PID). The bet is on income with some rate sensitivity, not on broad diversification in the dramatic sense.

The numbers

Diversification ratio is 1.32 at 1Y and 3Y, 1.35 at 10Y, placing it around the 51st-68th percentile on the platform: decent, but not a magic trick.
Effective asset count is 4.26 of 5, so the weights are fairly spread; the issue is correlation, not concentration.
Correlation is low on average (0.15), but two pairs do the real work of the portfolio: BND and SCHP at 0.79, SCHD and PID at 0.76.

The good

BIL is almost orthogonal to everything else, which is rare and pleasant. It is the portfolio’s cleanest diversifier.
The bond sleeve and equity sleeve are structurally distinct enough to keep the whole thing from behaving like one trade, to be fair.
Negative or near-zero cross-pair correlations, such as BND with SCHD at -0.06, help prevent total lockstep behavior.

The bad

BND and SCHP are a classic duration-plus-inflation pair, so their 0.79 correlation means part of the bond sleeve is doing the same job twice.
SCHD and PID are both dividend equities, and their 0.76 correlation makes the equity sleeve more “income factor” than broad equity diversification.
Position-to-portfolio correlations show SCHD at 0.82 and PID at 0.80, so the portfolio’s equity behavior is fairly concentrated in those two funds.

The ugly

If rates move sharply and inflation expectations shift together, BND and SCHP can stop behaving like separate shock absorbers and start behaving like one larger duration position.
If the dividend factor falls out of favor across regions, SCHD and PID can rhyme with each other in exactly the annoying way correlated assets do.

Next steps

Portfolios with this structure are often compared against sleeves whose return drivers are less tied to rates or dividends, because that is where the current overlap lives.
The diversification picture would change most if the bond cluster or the dividend-equity cluster were broken into exposures with different macro sensitivities.
The current mix is best described as moderately diversified, with respectable ballast and two obvious correlation clumps.

AI-generated analysis. Not investment advice. Verify key facts independently.

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Diversification Metrics

Number of Effective Assets

The portfolio contains 5 assets, with an effective number of assets of 4.26, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.32	1.29	1.32	1.35	1.39

The portfolio has a diversification ratio of 1.39, in line with the typical range across portfolios.

Income Portfolio correlation to the S&P 500 Index

Income Portfolio has a 0.40 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.72